SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Thomas A Watson who wrote (704833)9/29/2005 1:52:43 PM
From: pompsander  Read Replies (1) of 769670
 
You are right, Tom.

You know, after reading all I can about the Frist case it puzzles me why he did not do what so many executives do in situations where they want to make a change in investment direction but avoid any appearance of inside dealing. Simply make it clear to the trustee of the blind trust that, in that person's discretion, the holding or holdings should be sold off in a consistent pattern over a long period of time, regardless of price or market conditions. The Trustee could then set up the old 10% sold on the 12th trading day of each month until 100% of the shares are gone. Done all the time...clean and virtually unassailable, as the stock will go up and down during the period and at least half the stock will be sold five months or more out, avoiding any claim of short term market knowledge.

I don't really know that Frist intended to do anything wrong (I really don't know!), but he could have avoided all this so easily....especially as he did know more about the trusts than he claimed to.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News